Vermont Insurance (VT)

Two life insurance and 377 property and casualty insurance companies have their home offices in Vermont. Vermont ranks first among the states in number of property and casualty insurance companies. In 2001, there were 324,000 ordinary life insurance policies in force in Vermont with a total value of $21.2 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $31.9 billion. Death benefits paid that year totaled $74.7 million. In 2001, property and casualty insurers wrote over $786.7 million in premiums. That year, there were 2,937 flood insurance policies in force in the state, with a total value of $311,448.